(MBWM) Mercantile Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantile Bank | (MBWM) share price targets
Complete technical analysis of Mercantile Bank (MBWM) by charts plus indicators, forecast predictions and share price targets for Mercantile Bank (MBWM)
Mercantile Bank trades in USA in Finance sector.
Showing technical analysis as on 2024-11-04 View latest technical analysis
10 day averaged volume of Mercantile Bank is 46220
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 43.01 | 42.82 | 43.31 | 42.40 | 1.149 times |
| 01 Fri Nov 2024 | 43.21 | 43.33 | 44.31 | 42.78 | 1.225 times |
| 31 Thu Oct 2024 | 42.86 | 43.90 | 43.99 | 42.85 | 1.013 times |
| 30 Wed Oct 2024 | 43.96 | 43.55 | 45.34 | 43.55 | 1.088 times |
| 29 Tue Oct 2024 | 43.77 | 43.88 | 43.99 | 43.57 | 0.707 times |
| 28 Mon Oct 2024 | 44.29 | 43.19 | 44.47 | 43.19 | 0.842 times |
| 25 Fri Oct 2024 | 42.64 | 43.96 | 44.22 | 42.54 | 0.967 times |
| 24 Thu Oct 2024 | 43.77 | 44.08 | 44.08 | 43.18 | 0.937 times |
| 23 Wed Oct 2024 | 43.80 | 43.57 | 44.00 | 43.21 | 0.792 times |
| 22 Tue Oct 2024 | 43.88 | 43.02 | 43.95 | 43.02 | 1.244 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.4 as stoploss in an intra day buy trade for a target of 43.7. However, stock will show a bearish move below 42.4.
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 38.02 |
| Downside Target | 40.37 |
| Downside Target | 42.40 |
| Upside Target | 44.31 |
| Upside Target | 45.34 |
| Upside Target | 45.51 |
| Upside Target | 46.74 |
| Upside Target | 47.48 |
| Upside Target | 48.36 |
| Upside Target | 51.21 |
Intraday share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Intraday Target | 42.5 |
| Downside Intraday Target | 42 |
| Upside Intraday Target | 43.41 |
| Upside Intraday Target | 43.82 |
| Downside Intraday Target | 42.91 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 43.01 | 42.82 | 43.31 | 42.40 | 0.236 times |
| 01 Fri Nov 2024 | 43.21 | 43.19 | 45.34 | 42.78 | 0.951 times |
| 25 Fri Oct 2024 | 42.64 | 45.50 | 45.51 | 42.54 | 0.777 times |
| 18 Fri Oct 2024 | 45.40 | 43.95 | 46.74 | 43.32 | 1.158 times |
| 11 Fri Oct 2024 | 43.91 | 41.60 | 43.98 | 41.08 | 1.105 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mercantile Bank (MBWM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 43.01 | 43.33 | 44.31 | 42.40 | 0.095 times |
| 31 Thu Oct 2024 | 42.86 | 43.46 | 46.74 | 40.85 | 0.85 times |
| 30 Mon Sep 2024 | 43.72 | 45.64 | 47.48 | 41.34 | 1.03 times |
| 30 Fri Aug 2024 | 45.98 | 48.25 | 48.36 | 40.37 | 0.767 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mercantile Bank (MBWM)
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term and the sell signal is strong.
Mercantile Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 43.49 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.
Mercantile Bank Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term and the sell signal is strong.
Mercantile Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 43.49 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.
Mercantile Bank Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.